URL: https://democracy.tmbc.gov.uk/ieDecisionDetails.aspx?ID=2059

Decision Maker: Cabinet

Outcome:

Is Key Decision?: No

Is Callable In?: Yes

Purpose:

Content: Consideration was given to the report of the Head of Finance and Section 151 Officer informing Members of the financial position for 2026/27 to the end of July 2026.   Cabinet noted a favourable variance against profile budget, positive investment income performance and the current position regarding business rates and the capital programme.  Reference was made to agency staffing costs, income performance, investment returns and the ongoing monitoring of major capital schemes.   Due regard was given to the financial and value for money considerations and the requirement for continued budget monitoring.   In recognition of the importance of sound financial management, Councillor Boughton (Chair) proposed, Councillor Coffin seconded and Cabinet   RESOLVED:  That   (1)          the net favourable variance of circa £66,093 as at the end of July 2026, when compared to the proportion of the 2026/27 budget as shown in paragraph 4.8 of the report, be noted;   (2)          the current business rates position as at the end of July 2026, as set out in paragraph 5.2 of the report, be noted; and   (3)          the financial position of the current capital programme, as set out in Section 6 of the report, be noted.

Date of Decision: September 1, 2026